Where Teamwork and Company Culture
are the Forefront of our 100 Year Success
Where Teamwork
and Company Culture
are the Forefront
of our 98 Year Success
Exceptional People. Innovative Ideas.
Successful Clients.
Exceptional People.
Innovative Ideas.
Successful Clients.
The Scheffel Boyle Blog
Learn MoreLearn MoreKeep up to date with Scheffel Boyle news,
events, and important tax updates.
Keep up to date with Scheffel Boyle news,
events, and important tax updates.
The Scheffel Boyle Blog
From the Scheffel Boyle Blog
Stay up-to-date with changes in the accounting world by visiting the Scheffel Boyle blog or by signing up for our monthly e-newsletter. Both will feature articles that focus on tax, accounting, and financial news for a variety of clients and industries.
Scheffel Boyle CPAs Ranks #11 in both of STL Business Journal’s Annual Largest Accounting Firms Lists
Scheffel Boyle has ranked #11 for number of CPAs and #11 for…
Did you receive an Identity Verification Letter?
Have you received a letter from the Illinois Department of Revenue…
NASBA Announces New Amendment to CPA Exam
The National Association of State Boards of Accountancy (NASBA)…
Scheffel Boyle CPAs Welcomes 2 New Staff Accountants
Scheffel Boyle CPAs is pleased to announce the recent addition…
Scheffel Boyle CPAs Ranks #12, #13 in STL Business Journal’s Annual Largest Accounting Firms Lists
Scheffel Boyle has ranked #12 for number of CPAs and #13 for…
2023 Tax Calendar: Quarter 1
January 31 – Employers must file 2022 Forms W-2 (“Wage and…
IL Unclaimed Property Rules Update
Is your business subject to Illinois Unclaimed Property rules?
Does…
Announcing 1 New CPA at Scheffel Boyle
Scheffel Boyle CPAs is pleased to announce an accountant at their…
IRS: MO Storm & Flooding Victims Now Eligible for Tax Relief
Storm victims in parts of Missouri now have until November 15,…
2022 State of Illinois Tax Rebates
Under the Illinois Family Relief Plan, one-time individual income…
After filing your taxes, what records can you toss?
If you’ve filed your 2021 tax return, you may want to do some…
Second Quarter Tax Calendar
April 18 — Last day to file (or extend) your 2021 personal…
Scheffel Boyle CPAs Ranks #11, #15 in STL Business Journal’s Annual Largest Accounting Firms Lists
Scheffel Boyle has ranked #11 for number of CPAs and #15 for…
Scheffel Boyle CPAs Welcomes 22 Interns
Scheffel…
First Quarter Tax Calendar
January 31 — File 2021 Forms W-2 (“Wage and Tax Statement”)…
Possible Tax Refund Delays this Season
Last week, National Taxpayer Advocate Erin Collins gave her annual…
Announcing 3 New Principals
Congratulations to our 3 recently promoted principals!
HIGHLAND…
Two Important IRS Letters to be Sent this Month
If you were eligible for the third stimulus check or the advanced…
Tax Deadline Extension & IL Pass-Through Entity Tax to Avoid SALT Limit
Tax Deadline Extension
On December 20, 2021, the IRS announced…
Biden Administration’s Tax Blueprint
TREASURY’S GREEN BOOK PROVIDES DETAILS ON ADMINISTRATION’S…
Appreciating the Helpful Balance of Bonds
Stock market swings may bring fortune or fear, so investors shouldn’t…
3 Things to Know After Filing Your Tax Return
3 things to know after filing your tax return
Most people feel…
The Tax Treatment of Start-up Expenses
With the economy expected to improve in the months or quarters…
Bolster Wealth Management with Trusts
Trusts can be a useful tool for affluent individuals and families…
U.S. Small Business Administration Awarding Funding Through the Restaurant Revitalization Funding Program
On March 11, 2021, the American Rescue Plan Act (ARPA) was announced…
Considering a Roth IRA Conversion
Investors have long grappled with the conundrum of whether to…
Worker Classification is Still Important
Over the last year, many companies have experienced “workforce…
Be Prepared for Taxes on Social Security Benefits
Whether you’ve filed your 2020 tax return or soon will, you…
How the Consolidated Appropriations Act Affects Education Funding
The Consolidated Appropriations Act (CAA), signed into law late…
IRS Extends IRA, HSA Contribution Deadline to May 17, 2021
On Tuesday, March 30, the Internal Revenue Service provided another…
Individual Tax Filing Deadline Extended to May 17, 2021
On Wednesday, March 17, the U.S. Treasury Department and Internal…
President Biden Signs American Rescue Plan Act
Last Thursday, President Joe Biden signed the American Rescue…
SBA issues interim final rule revisions to PPP
The U.S. Small Business Administration recently laid out its…
House passes $1.9 trillion COVID-19 relief package
The U.S. House of Representatives passed the latest COVID-19…
Scheffel Boyle ranks #12, #13 in St. Louis Business Journal’s annual Largest Accounting Firms lists
Scheffel Boyle has ranked #12 for number of professionals…
Webinar Replay Now Available: Paycheck Protection Program & Employee Retention Credits
On January 27, the professionals of Scheffel Boyle CPAs explained…
Free Webinar: Paycheck Protection Program & Employee Retention Credits
Join the professionals of Scheffel Boyle CPAs as they explain…
President Trump Signs Coronavirus Relief and Government Funding Bill
On Sunday, December 27, President Trump signed the COVID-19 relief…
Congress Passes COVID-19 Relief Bill, Waiting on the President’s Signature
The U.S. Senate and House of Representatives passed a $900 billion…
Fraudulent Unemployment Claims on the Rise in Illinois
Government officials throughout Illinois are urging residents…
IRS Clarifies Timing on No Deductibility of Expenses Paid with PPP Funds
The IRS yesterday released Revenue Ruling 2020-27 to clarify…
SBA Simplifies PPP Forgiveness for Loans Under $50,000
On October 8th, the Treasury and U.S. Small Business Administration…
Announcing 2020 Promotions!
We are pleased to announce the recent promotion of 10 professionals…
Lenders Are Not Required to Report PPP Loan Forgiveness to IRS
On Tuesday, September 22nd, the IRS released Announcement 2020-12,…
Proudly Introducing…
We are pleased to introduce our two newest employees to our amazing…
IRS to Stop Sending Past Due Notices Due to Backlog of Unopened Mail
The Internal Revenue Service is one of many agencies still feeling…
Madison County CARES Act Relief Provides Funds for Local Businesses
Madison County will open an application process on Monday, August…
Trump Signs Executive Order Deferring Payroll Taxes
On August 8th, President Trump signed a total of four Executive…
Welcome to the Team!
We are excited to announce that we have added six new staff accountants…
SBA Will Start Accepting PPP Forgiveness Applications From Lenders on August 10, 2020
The Small Business Administration (SBA) has set a date of August…
Watch Out for Illinois Department of Employment Security Scams
A warning has been issued to Illinois residents regarding unemployment…
IRS Updates FAQs on CARES Act Employee Retention Credits and Payroll Tax Deferrals
The IRS recently updated its frequently asked questions (FAQs)…
PPP Loan Application Deadline Extended 5 Weeks
With roughly $129 billion in PPP loans still available, an extension…
Keep Your Stimulus Payment Notice for Your 2020 Taxes
In mid-April, Economic Impact Payments, also known as Stimulus…
Scheffel Boyle Ranks 11th on St. Louis’ Largest Accounting Firms List
Scheffel Boyle has ranked #11 for number of professionals on…
PPP Loan Forgiveness Application Updated for the Flexibility Act
On June 16th, the SBA and Treasury released the revised PPP Loan…
Main Street Lending Program Expansion
On June 8, the Federal Reserve released revised term sheets for…
COVID-19 FAQs for Financial Institutions
The COVID-19 pandemic has caused widespread disruption to business…
President Trump Signs Bill Offering Flexibility on PPP Loan Forgiveness Into Law
Today, June 5th, President Trump signed the Paycheck Protection…
IRS Increases Flexibility for Code Section 125 Cafeteria Plans Due to COVID-19
To assist with the U.S. response to the 2019 novel coronavirus…
Have You Considered the Employee Retention Credit?
If you did not receive a Paycheck Protection Program loan, you…
Senate Passes PPP Bill Offering Flexibility on Forgiveness Guidelines
On Wednesday, June 3rd, the Senate passed the Paycheck Protection…
We have a new CPA!
We'd like to wish a big CONGRATULATIONS to Alex Hoffmann from…
Paycheck Protection Program Flexibility Act of 2020 Passed in the House
On Thursday, May 28th, the House passed a bill with large bipartisan…
PPP Loan Forgiveness Application and Instructions Update
On May 15th, the SBA released the PPP Loan Forgiveness Application…
Impact of the CARES Act on Financial Institutions and Specialty Finance Entities
The Coronavirus Aid, Relief, and Economic Security (CARES) Act,…
Scheffel Boyle Partners with AGCI for Webinar: PPP Loans, Tax Update, and More
We are proud to partner with the Association General Contractors…
Scheffel Boyle Partners with STL Agribusiness Club for Webinar
We are proud to partner with the St. Louis Agribusiness Club…
Scheffel Boyle Partners with SIBA for Webinar: PPP Loans, Tax Update, and More
We are proud to partner with Southern Illinois Builders Association…
FREE WEBINAR: Status of PPP Loans, Tax Credits & Deferrals, and SBA Loan Programs
Join us as our team shares their knowledge and expertise on the…
What Should You Do To Return a Stimulus Payment?
The Treasury Department announced today that stimulus checks…
IRS Notice 2020-32 & PPP Loan Updates
IRS Disallows Tax Deductions for Eligible PPP Expenditures
On…
PPP Loans and the Self-Employed: Schedule C and Schedule F
SBA issued an Interim Final Rule regarding the Paycheck Protection…
How to Check the Status of Your Stimulus Check
Stimulus checks have begun hitting bank accounts. While some…
IRS Extends More Tax Deadlines to Cover Individuals, Trusts, Estates, Corporations, and More
The IRS recently announced more extensions in response to the…
COVID-19 Business Relief Analysis
Within weeks, several new laws and programs offering Coronavirus…
SBA Paycheck Protection Program Offers Coronavirus Relief
The Paycheck Protection Program (PPP) is part of “The Coronavirus…
President Trump Signs the CARES Act, Sending $2.2 Trillion for Coronavirus Relief
On March 27th, 2020, President Trump signed into law the Coronavirus…
State of Illinois Extends Income Tax Filing & Payment Deadline
Governor Pritzker announced today, March 25th, that the State…
Illinois Has Not Announced Any Extended Due Dates; Federal, Missouri and Other States Have Extended Tax Deadlines
State Updates
In a press release dated March 21st, 2020, Missouri…
How to Provide COVID-19 Tax-Free Disaster Payments to Your Employees
Employers are scrambling to find ways to help their employees…
Families First Coronavirus Response Act
The Families First Coronavirus Response Act, (H.R. 6201), became…
An Update From Our Team
Dear Clients and Friends,
We wanted to provide you with this…
Tax Filing Deadline Extended to July 15th
Treasury Secretary Steve Mnuchin announced today that the U.S.…
Treasury Secretary Announces 90-Day Delay in Tax Payment Deadline
Treasury Secretary Steven Mnuchin announced this week that taxpayers…
A Message From Our Team
Dear Clients and Friends,
As our firm continues to monitor…
The 2019 Gift Tax Return Deadline is Almost Here
Most people have April 15th burned in their minds as the…
Raising Financially Responsible Kids
If you help your kids understand money when they’re young,…
Is the Family and Medical Leave Act Credit Right for Your Business?
The Tax Cuts and Jobs Act (TCJA) created a new tax credit…
Gig Workers, Know Your Tax Responsibility
Let’s say you drive for a ride-sharing app, deliver…
The SECURE Act and What it Could Mean For You
On December 20, 2019, President Trump signed the SECURE Act into…
Own a Pass-Through Entity? Beware the Ides of March
“Beware the Ides of March.” Shakespeare’s words don’t…
Accounting for the Near and the Long Term in a Family Budget
A wise person once said, “Simplicity is the key to a…
Careful Tax Planning Required for Incentive Stock Options
Incentive stock options (ISOs) are a popular form of compensation…
The TCJA Effect: Qualified Residence Interest
The Tax Cuts and Jobs Act (TCJA) made a significant impact…
Proudly Introducing our FOCUS Intern Class of 2020
We recently welcomed 12 Senior FOCUS Interns to our team! The…
Welcome Wagon!
We are proud to officially introduce our new Staff Accountants:…
Industry-Specific Accounting Services
We have extensive, in-depth expertise in specific industries. We understand the regulations and challenges that can affect your business and tax liability, and are able to provide a financial strategy specifically tailored to your needs and business model.
Construction
Construction
We have over 100 combined years of construction accounting experience.
Financial Institutions
Financial Institutions
We have decades of experience serving community banks, thrifts, and credit unions.
Agribusiness
Agribusiness
We are passionate about serving the agribusiness community. As farmers ourselves, we understand your industry and the challenges you face.
Governmental Entities
Governmental Entities
We have the expertise in serving local governments and agencies of all sizes.
Non-Profit Organizations
Non-Profit Organizations
We enjoy working with non-profit and religious organizations to help them through financial challenges and improve their bottom line.
Privately-Held Businesses
Privately-Held Businesses
We help businesses across many industries overcome the financial roadblocks that can inhibit growth.
Employee Benefit Plans
Employee Benefit Plans
Most businesses quickly discover that creating a solid, structured employee benefits package is no simple task.
Individual Clients
Individual Clients
We take great care in helping our clients with their personal finances, and work as their advocate to help them reach their goals.
We work with our clients
We work in partnership with each of our clients, always looking out for their best interest. We don’t bring cookie-cutter processes to the table, because every business has its own circumstances and challenges. Even when we know your industry inside and out, we also know your specific business is unique. It’s our job to apply our expertise in accounting and finance to the nuances of your business.
Service is Everything
We are highly proactive in serving our clients. We believe service is respect. We never leave clients hanging, or let questions go unanswered. We know your time is valuable, and your needs are important. When you work with our team of professionals, you will know we respect your business and care about its success.
How can we help your business?
Scheffel Boyle Services
At Scheffel Boyle, we provide a full range of accounting, auditing, consulting, and tax services. Additionally, our strategic relationship with Scheffel Financial Services, Inc. helps our clients build and manage their wealth. Our innovative solutions are delivered with the goal of making your personal and business objectives become reality.
Scheffel Boyle Services
At Scheffel Boyle, we provide a full range of accounting, auditing, consulting, and tax services. Additionally, our strategic relationship with Scheffel Financial Services, Inc. helps our clients build and manage their wealth. Our innovative solutions are delivered with the goal of making your personal and business objectives become reality.
Tax Planning & Preparation
Audit & Assurance
Accounting
Consulting
Financial Advisory
Tax Planning & Preparation
We prepare all types of corporate, trust, personal, estate, non-profit and partnership tax returns and constantly monitor tax law changes to advise you about tax saving strategies that can be applied to your particular situation. We are on top of the Tax Cuts and Jobs Act, and we can help you navigate its complexities. Learn More »
Audit & Assurance
We use highly innovative methods and the latest software technologies to evaluate your accounting processes, internal controls, and business practices. Our team will help you effectively use financial statements to better manage your business and remain in compliance with your industry. Learn More »
Accounting
Our team can handle your accounting on an as-needed or an ongoing basis. We put strategy to numbers and work with you to more effectively manage your finances and meet your business goals. Learn More »
Consulting
We provide ideas and insights to increase your profitability and accomplish your short and long-term goals. Our team has in-depth experience in helping a variety of clients through major business decisions. Learn More »
Financial Advisory
As an independent firm, we are not focused on selling proprietary products or meeting quotas. Whether you are expanding your family, growing your business, or preparing for retirement, our objective approach allows us to serve you with your best interest in mind. Wherever you are in life, we seek to serve as your key advisor for financial guidance. Learn More »
What Our Clients Say
“Scheffel Boyle’s ability to handle multiple complex tasks combined with an outstanding work ethic ensures that our association’s financial matters are handled professionally and quickly. SIBA is impressed with their efficient service, and their business insight and acumen. We consider them to be invaluable members of the SIBA team.”
Donna Richter, Chief Executive OfficerSouthern Illinois Builders Association (SIBA)
“The accounting and consulting services we have received from Scheffel Boyle have surpassed the credit union’s expectations. Their staff is very professional and easy to work with. I can count on Scheffel Boyle to support us in meeting our accounting needs. I have worked with The Scheffel Companies for 30+ years and would recommend them to any organization needing an accounting and consulting firm.”
Alan Meyer, President/CEO1st MidAmerica Credit Union
“Madison Telephone Company and its affiliates have grown significantly over the past few years. The Principals and staff at Scheffel really know our business and provide services that address our unique challenges to help us reach our goals. They are an extended part of our organization and we know that they are with us every step of the way!”
Robert W. Schwartz, PresidentMadison Telephone Company & Affiliates
“The best decision we ever made as a second generation family management team at Clinton Electric, Inc. was to hire Scheffel Boyle in Highland to conduct our annual financial audit. Their expertise in matters related to the construction industry has guided us in the right direction as we have made major decisions in regard to financial accounting and tax matters. The Scheffel Boyle team that we work with has become a vital part of our operation.”
Pam Allen, PresidentClinton Electric, Inc.
Knowledge Center
Contact Us
Alton, IL: 618.465.4288
Edwardsville, IL: 618.656.1206
Belleville, IL: 618.277.8100
Highland, IL: 618.654.9895
Jerseyville, IL: 618.498.6841
Columbia, IL: 618.281.7605
Carrollton, IL: 217.942.3821